I am constantly asked whether it makes sense to bother having a written contract with a Chinese company. This question is usually followed by the statement that Chinese companies “never follow their contracts” or that “it is impossible to enforce a contract in a Chinese court, anyway.” I always give the following answer: It absolutely… Continue Reading
Tag Archives: Chinese companies
China Business (Huawei) Puts Money Over Politics. Hmmmm.
Posted in Recommended ReadingVery interesting Wall Street Journal article on how Huawei Technologies Company, China’s hugely successful telecommunications- equipment maker, will be scaling back its dealing with Iran. I see this as a potentially very important milestone in that it seems to indicate that in some circumstances, even Chinese companies widely believed to be “tight” with Beijing will… Continue Reading
US-Listed Chinese Companies. Let’s Watch The Sausage Get Made.
Posted in China Business, Legal NewsAs we are always saying, you can win all the cases you want against Chinese companies in United States courts, but getting them to pay is another thing. Yet the march of Chinese companies to US stock market listings may be changing that ever so slightly. For small-time Chinese firms used to doing business on… Continue Reading
Shangri-La And Charging Regular Rates To Chinese Businesses
Posted in China TravelInteresting article in the International Herald Tribune on the worldwide expansion plans of the Shangri-La Hotels and Resorts luxury hotel chain. Shangri-La is based in Hong Kong, is majority controlled by the Kuok Group, founded by Malaysian billionaire Robert Kuok. The Shangri-La group operates two brands: the five-star Shangri-La and the four-star Traders hotels. Thrust… Continue Reading
The Chinese Are Coming, Part IX — With NASDAQ Listings
Posted in China BusinessRecent article on how China is now NASDAQ’s largest source of growth in new listings. Mainland China companies now account for 29 of about 3,300 companies listed on NASDAQ, said the president of NASDAQ International, Charlotte Crosswell. “The exchange also lists around 50 firms from Hong Kong, a Chinese special autonomous region, putting China third… Continue Reading
The Chinese Are Coming (FDI) — Part VI, Here’s Proof
Posted in China BusinessWe frequently blog about increased Foreign Direct Investment by Chinese companies. Our first post on this dealt with this issue generally, while our subsequent posts (here, here, and here) described specific examples. We now have statistical proof of China companies increasing their outbound investments as China’s Ministry of Commerce announced today that foreign investment by… Continue Reading
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